goeasy (TSE:GSY) Trading Down 9.4% Following Analyst Downgrade

goeasy Ltd. (TSE:GSY) shares fell 9.4% on Thursday after TD Securities lowered their price target on the stock from C$199.00 to C$192.00. TD Securities currently has a buy rating on the stock. goeasy traded as low as C$142.06 and last traded at C$144.00. 64,678 shares changed hands during mid-day trading, a decline of 9% from the average session volume of 71,180 shares. The stock had previously closed at C$158.88.

A number of other analysts have also recently issued reports on the company. BMO Capital Markets upgraded goeasy from a “market perform” rating to an “outperform” rating and lowered their price objective for the company from C$207.00 to C$200.00 in a research report on Friday, March 14th. Cormark dropped their target price on goeasy from C$240.00 to C$210.00 in a report on Thursday, April 24th. Scotiabank cut their price target on shares of goeasy from C$240.00 to C$215.00 and set a “sector perform” rating for the company in a report on Thursday, April 24th. National Bankshares reduced their price objective on goeasy from C$240.00 to C$235.00 and set an “outperform” rating on the stock in a research note on Thursday. Finally, Raymond James raised their price target on shares of goeasy from C$230.00 to C$245.00 in a report on Tuesday, February 18th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$211.13.

goeasy Trading Down 2.9 %

The company has a market capitalization of C$2.41 billion, a P/E ratio of 8.72, a PEG ratio of 0.84 and a beta of 1.87. The business has a 50 day moving average price of C$152.11 and a 200 day moving average price of C$164.87. The company has a current ratio of 82.04, a quick ratio of 28.46 and a debt-to-equity ratio of 287.63.

goeasy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, April 11th were issued a $1.46 dividend. The ex-dividend date of this dividend was Friday, March 28th. This is a positive change from goeasy’s previous quarterly dividend of $1.17. This represents a $5.84 annualized dividend and a yield of 4.07%. goeasy’s dividend payout ratio (DPR) is 28.45%.

About goeasy

goeasy Ltd. provides non-prime leasing and lending services under the easyhome, easyfinancial, and LendCare brands to consumers in Canada. The company operates through two segments, Easyfinancial and Easyhome. It offers unsecured and secured installment loans; home equity secured instalment loans and automotive vehicle financing; and loans to finance the purchase of retail goods, powersports and recreational vehicles, home improvement projects, and healthcare related products and services.